Word on the Street: Tether resumes peg but bank relationship still dubious ByAndrew GillickPRO INVESTOR Updated: 04 October 2021 DisclosureWe sometimes use affiliate links in our content, when clicking on those we might receive a commission – at no extra cost to you. By using this website you agree to our terms and conditions and privacy policy. The overall crypto market cap has declined ~1.9% over the past 5 days from ~$209b to ~$205b. After being hammered in the past week the S&P500 has rebounded ~3% and Bitcoin’s correlation with the S&P continued its October downtrend, declining on the week to a semi-weak correlation of .2. The stock market came back with a bounce in the past two days with chipmakers leading the way – Nvidia one of the biggest chipmakers for crypto mining GPUs bounced over 10% since the start of the week.